Court grants Jide Omokore, Andrew Yakubu bail

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A Federal High Court, sitting in Abuja, has granted bail to a former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu, and four others.

The Economic and Financial Crimes Commission (EFCC) had arraigned business man and ally of former Petroleum Minster, Diezani Allison-Madueke, Jide Omokore, Victor Briggs, Abiye Membere, David Mbanefo, and Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited over N400 million money laundering charges.

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They were however admitted to bail by Justice Binta Nyako in the sum of N50 million each and a surety in the like sum, after entering a plea of not guilty.

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